ASR Vermogensbeheer N.V. purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,927 shares of the company's stock, valued at approximately $490,000.
A number of other institutional investors and hedge funds have also made changes to their positions in TER. Wellington Management Group LLP raised its stake in shares of Teradyne by 36.2% in the 4th quarter. Wellington Management Group LLP now owns 14,554 shares of the company's stock valued at $1,833,000 after acquiring an additional 3,870 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Teradyne in the fourth quarter valued at approximately $7,587,000. Advisory Services Network LLC grew its holdings in shares of Teradyne by 6.3% in the fourth quarter. Advisory Services Network LLC now owns 2,384 shares of the company's stock valued at $300,000 after purchasing an additional 141 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Teradyne by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 68,684 shares of the company's stock valued at $8,649,000 after purchasing an additional 430 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Teradyne by 12.3% in the fourth quarter. Covestor Ltd now owns 901 shares of the company's stock valued at $113,000 after purchasing an additional 99 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Gregory Stephen Smith sold 554 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $105.73, for a total value of $58,574.42. Following the completion of the transaction, the chief executive officer owned 97,547 shares in the company, valued at approximately $10,313,644.31. This represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company's stock.
Teradyne Stock Up 0.9%
NASDAQ TER opened at $107.47 on Friday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $144.16. The stock has a market capitalization of $17.10 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.25 and a beta of 1.72. The firm has a 50 day moving average of $92.38 and a two-hundred day moving average of $91.75.
Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The business had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. During the same quarter in the prior year, the business posted $0.86 EPS. The company's revenue for the quarter was down 10.7% on a year-over-year basis. On average, equities research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.
Teradyne declared that its Board of Directors has initiated a stock repurchase plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. restated a "neutral" rating and issued a $102.00 price objective (up previously from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Stifel Nicolaus lifted their price objective on shares of Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Wall Street Zen cut shares of Teradyne from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Susquehanna dropped their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Finally, KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Teradyne presently has a consensus rating of "Hold" and a consensus target price of $114.44.
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Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.
See Also
Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER - Free Report).

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